Earnings ·
Fort Technology Inc. filed unaudited interim condensed consolidated financial statements for the three and six months…
FRTTFort Technology Inc
Fort Technology Inc. filed unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2026. Revenues increased 49% to $7,356 thousand, driven by a 56% rise in unit sales on Amazon marketplaces, while gross profit expanded to $1,362 thousand (18.5% margin). The company reported a net loss of $1,342 thousand and an operating loss of $1,329 thousand, reflecting higher general and administrative expenses related to its Nasdaq listing and share-based compensation. On June 8, 2026, shares commenced trading on the Nasdaq Capital Market under symbol FRTT, triggering the issuance of 1,571,429 Contingent Right Shares to Nexera Technologies Ltd and the automatic conversion of $3,630 thousand in convertible debentures into equity. Subsequent events include an agreement to acquire a 50.1% stake in Logia USA Inc. for shares valued at $125 thousand and a credit facility up to $2 million, as well as amendments increasing the Nexera loan facility to $3 million with $1,545 thousand drawn.